Multistack Signs MOU With Clinton Climate Initiative

Multistack LLC has signed a Memorandum of Understanding (MOU) with the Clinton Climate Initiative, a project of the William J. Clinton Foundation, to provide discounted energy-efficient modular water chillers to qualified C40 cities and private building owners in the C40. The C40 is a group of the world’s largest cities committed to fighting climate change by reducing greenhouse gases. Multistack, a North American manufacturer of modular chiller technology, provides products to address water-cooled, air-cooled, and heat-pump needs worldwide.

”We are proud to be a part of what the Clinton Climate Initiative is doing to change the way we think about energy, emissions and the environment,” Mark Platt, Multistack president and chief executive officer, said. “We at Multistack believe it is not only possible but practical to do the right thing environmentally, while expanding the business opportunities that drive our global economy. It is a privilege to be part of such an important leadership challenge and to work alongside the Clinton Climate Initiative to help address the environmental impact of buildings, which can contribute up to 80 percent of a city’s greenhouse-gas emissions.”

The MOU involves discounts on the portfolio of Multistack products available to the C40 cities. These discounts will help accelerate the conversion of less-efficient chillers that contain large quantities of old refrigerants to high-efficiency chillers with micro-charges of new refrigerants. Refrigerants are potent greenhouse gases; the combined effect of increased efficiency and lower risk of refrigerant emissions reduces a building’s greenhouse-gas emissions.

The modular platform of the Multistack chiller design allows building owners to replace their older equipment with only what is needed to meet current building needs, knowing they can add additional capacity in the future if necessary. By avoiding the need for major construction on retrofit projects, modularity can provide significant installation cost reductions, thereby further reducing overall project cost and total operating costs.